As recently as last year, most Swiss industrial companies were doing brilliantly. The economy grew more strongly than calculated; the real gross domestic product (GDP) rose by 2.6%, according to the national accounts. This year, however, will be more difficult.
168 billion Swiss francs is the amount that the Swiss National Bank (SNB) had to lend Credit Suisse in mid-March 2023, at the height of the banking crisis. This was the only option to prevent the collapse of the once-second largest Swiss bank. The SNB provided a substantial portion of this liquidity assistance without receiving collateral from Credit Suisse. Therefore, in the event of bankruptcy, the Swiss taxpayer could have also lost billions.
Taftie brings together Europe's premier national innovation agencies. Innosuisse will assume the President for one year commencing in January 2024. Learn more about Taftie and what it implies in the context of collaboration with Innosuisse.
When it comes to diversifying investment portfolios, high net worth individuals often seek unique and tangible assets that can stand the test of time. In recent years, classic cars have gained significant attention as an alternative investment opportunity that combines passion with profit potential. With a rich history, undeniable charm, and the potential for substantial returns, investing in classic cars has emerged as a sophisticated choice for those seeking to expand their investment horizons.
Reliance Industries, India's largest company, is undergoing a generational shift. Concerns over a rekindled family feud cast a cloud on succession arrangements.We explain the details below.
It takes only half an hour to get from one end of the country to the other. In Liechtenstein, there are castles and palaces, nature and mountains, history and action—all this in a compact 160 square kilometres, home to approximately 38.000 people. The country's GDP per capita is USD 172.600, making it one of the highest in the world.
If someone is looking for alternative asset classes, fashion is on the rise. A decade ago, no one paid attention to this field. After the internet and online markets rose for second-hand clothing, fashion is booming as an investment.
On October 18, 2023, the trial of the Austrian former Federal Chancellor Sebastian Kurz will take place. The trial is scheduled to last three days, and if the former politician and current consultant and businessman is found guilty, the sentence can be up to three years in prison.

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